Multiple choice

Which of the following is/are the correct way(s) of forming a joint venture company? a. Two parties can incorporate a company in India and the business of both parties can be transferred directly to the new company. b. The above two parties can subscribe to the shares of the joint venture company in agreed proportion, in cash, and start a new business. c. Promoter shareholder of an existing Indian company and another party may jointly collaborate to jointly carry on the business of that company.

  1. Only a

  2. Only b

  3. Only c

  4. Only a and b

  5. Only b and c

Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

This is the correct answer as both these statements are correct.